India's Renewables Installations Faces Delays

Image: Wood MackenzieImage: Wood Mackenzie
Due to COVID-19, over 21.6% or 3 gigawatts of renewable energy projects in India will be delayed, predicts Wood Mackenzie in a new report

Official Press Release Wood Mackenzie:

India’s renewables installation could fall by a fifth due to lockdown

Wind Industry Profile of
India’s renewables installation could fall by a fifth due to lockdown

In a new report, Wood Mackenzie projects that India could face over 21.6% or 3 gigawatts (GW) of solar photovoltaic (PV) and wind installations being delayed as a result of the country’s lockdown.

Wood Mackenzie principal analyst Robert Liew said: “The timing of the lockdown is unfortunate as Q1 is typically one of the busiest periods for wind project installations. The lockdown will delay some projects until summer, and if the lockdown is extended past April, wind farm construction could be further delayed into the monsoon season, where wind installations are typically at their lowest.”  With over 3 GW of wind projects under construction scheduled for 2020 completion, supply and labour disruptions from the current lockdown could delay 400 megawatts... ... More: Official Press Release Wood Mackenzie

Wood Mackenzie, India, renewables, installartion, corona, COVID-19, affected, state, gigawatts, slowing, PV, solar, delay, lockdown

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